Coreweave (CRWV), SoftBank Group (9984.T), Broadcom (AVGO), Advanced Micro Devices (AMD), Nvidia (NVDA), and Oracle (ORCL) fell because traders are no longer treating OpenAI’s spending plans like free money. A report said OpenAI has not hit some of its own growth and sales goals, and that was enough to hit the whole AI infrastructure trade
Stablecoin transfer volume fell 19.18% to $831B in 30 days, yet market cap and holders rose as $USDT, $USDC, and $DAI added billions while Ethena’s $USDe saw $1.1B outflows. Stablecoin transfer volume declined 19.18% to $831 billion over the past 30 days, signaling reduced on-chain activity even as the broader stablecoin market continues expanding. Despite
A recent analysis by Nick Timiraos points to growing disagreements within the Fed and a critical juncture in monetary policy communication. According to Timiraos, known as the “Fed’s spokesman,” the two-day Federal Open Market Committee (FOMC) meeting will conclude on Wednesday, and this will be Jerome Powell’s last meeting as chairman. The general expectation in
Robinhood (HOOD) reported a sharp decline in crypto trading revenue for the first quarter of 2026, even as growth in other parts of its business pushed overall revenue higher. Crypto-related revenue fell 47% from a year earlier to $134 million, down from $252 million in the same period of 2025, according to its earnings release.
Strategy, an investment company focused on cryptocurrencies and Bitcoin, has launched an investor vote on a significant change to the dividend payment structure for its STRC product. The company is proposing to replace the current monthly dividend model with a semi-monthly (twice-monthly) payment system. In a statement, company founder Michael Saylor urged investors to participate
David Marcus, the former CEO of PayPal and the executive who led Meta’s shelved Libra digital currency project, is making a new push to rebuild banking on stablecoin rails. He now runs Lightspark, which has unveiled an API-based product that gives platforms and AI agents access to dollar accounts, payments and cards on top of
United States Representative Tim Moore has seen his bet on Intel (NASDAQ: INTC) surge by more than 300% in less than a year, significantly outperforming the broader market in the process. Particulars of the trade indicate that Moore, a Republican representing North Carolina, purchased between $15,001 and $50,000 worth of Intel common stock on August
The Federal Reserve is set to announce its April 29 policy decision, and markets already expect no change in interest rates. Traders are fully pricing in a hold at 3.50%–3.75%, with near certainty that policymakers will keep rates steady. Attention is now on Jerome Powell, whose comments will shape expectations on whether rate cuts come
Artificial intelligence is pushing financial systems toward a model where machines execute transactions at scale, raising new challenges around control, oversight and infrastructure, said Microsoft and Chainalysis executives. Bill Borden, corporate vice president of worldwide financial services at Microsoft, said Tuesday that legacy systems will face increasing pressure as transaction demands grow more complex. The